December 14, 2022
Exhibit 10.2
December 14, 2022
Xxxxxxxx X. Xxxxx
Chairman of the Board
Costco Wholesale Corporation
Dear Xxxx:
As provided for under section 7(b) of the Executive Employment Agreement, effective January 1, 2017, between Costco Wholesale Corporation and me, this letter will confirm an extension of the term through and including December 31, 2023. Consistent with the prior decisions of the Compensation Committee: section 1(a) is amended to change the Annual Base Salary to $1,150,000; and section 1(h) is amended to change the Target Bonus to $600,000. The reference in the first "whereas" clause to my serving as President shall be deemed omitted. Please countersign below to indicate acceptance on behalf of the Company.
Very truly yours,
| By: /s/ X. Xxxxx Xxxxxxx | ||
| X. Xxxxx Xxxxxxx | ||
| Chief Executive Officer | ||
| Costco Wholesale Corporation | ||
| By: /s/ Xxxxxxxx Xxxxx | ||
| Xxxxxxxx X. Xxxxx | ||
| Chairman of the Board | ||
cc: Xxxx Xxxxxxx
